2024.09.16 2024.09.16 US Dollar Braces for Fed Decision. Forecast as of 16.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The financial markets are awaiting the Fed’s decision on the start of the monetary policy easing cycle and the scale of monetary expansion. The outcome will depend on the state of the US economy. Let’s discuss this topic and make a trading plan for the…
Is the trend still our friend on USD/CAD? The pair has formed higher lows connected by a rising trend line seen on its hourly time frame, and it looks like another test is due soon. Here’s what’s expected for Canada’s CPI release and how this Loonie pair might react. This Article Is For Premium Members Only Become…
Japan is on holiday today, but that is irrelevant to yen buyers. USD/JPY to its lowest in 12 months, without fresh news nor data to drive it (none is needed, as I’ve been saying for a while now): The USD is lower pretty much across the board also. Even AUD, which had been troubled by the poor data from…
NZD/USD holds ground following the release of an improved Business NZ Performance of Services Index on Monday. The Business NZ PSI rose to 45.5 in August from 45.2 in July, reaching its highest level since April. The US Dollar receives downward pressure amid uncertainty over the scale of the Fed’s upcoming rate cut. NZD/USD holds its position following the…
After months of guessing, the Fed may finally cut interest rates for the first time in years this week. But that’s not the only thing shaking up the markets! Traders are in for not one, but TWO more big central bank decisions and other top-tier data releases that could send major currencies swinging in the days ahead. …
Greg Ip is the chief economics commentator for The Wall Street Journal (gated). He has weighed in on the FOMC decision coming up on Wednesday, September 18: The Federal Reserve’s interest-rate decision this week looks more difficult than it should be. The real question isn’t how much to cut, but where rates ought to be. The answer is much…
GBP/USD kicks off the new week on a positive note amid the prevalent USD selling bias. Rising bets for a 50 bps Fed rate cut and the upbeat market mood undermine the buck. Bulls might refrain from placing aggressive bets ahead of the key central bank event risks. The GBP/USD pair attracts some dip-buying on the first day of…
Data via property website Rightmove in the UK September average asking prices for homes increased by 0.8%, double the average for the time of year in the series and the biggest for the month since 2016. -1.5 August For the y/y +1.2% prior +0.8% Rightmove cited the market getting a boost from a new government and the first rate…
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Japanese markets are closed today for Respect for the Aged Day. Chinese markets are closed today, and tomorrow, for the Mid-Autumn Festival. New Zealand, Australia, Hong Kong and Singapore markets remain open. – Even with Japan closed the yen is likely to sweing around
